Hong Kong resumes hefty sell-off following steep losses on Wall Street

Hong Kong, Feb 26 (AFP/APP): Hong Kong shares tumbled at Friday‘s open, resuming a hefty sell-off, following steep losses on Wall Street as investors grow increasingly worried that the expected global economic recovery this year will force central banks to lift interest rates.

The Hang Seng Index fell 2.20 percent, or 662.04 points, to 29,412.13. The benchmark Shanghai Composite Index dropped 1.97 percent, or 70.48 points, to 3,514.56, while the Shenzhen Composite Index on China’s second exchange fell 2.11 percent, or 49.22 points, to 2,286.19.

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